RF Industries Stock Forecast
RF Industries stock upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on Apr 29, 2024)
The RF Industries stock price gained 0.340% on the last trading day (Monday, 29th Apr 2024), rising from $2.94 to $2.95. During the last trading day the stock fluctuated 1.71% from a day low at $2.92 to a day high of $2.97. The price has fallen in 6 of the last 10 days and is down by -4.22% for this period. Volume fell on the last day by -4 thousand shares and in total, 3 thousand shares were bought and sold for approximately $8.27 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.94 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.32% during the next 3 months and, with a 90% probability hold a price between $2.72 and $2.95 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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RFIL Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 0.340%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The RF Industries stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $2.98 and $3.06. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for RF Industries stock
RF Industries finds support from accumulated volume at $2.94 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0500 between high and low, or 1.71%. For the last week the stock has had daily average volatility of 1.64%
Our recommended stop-loss: $2.79 (-5.57%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (RFIL) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect RF Industries to open at $2.95, and during the day (based on 14 day Average True Range), to move between $2.89 and $3.01, which gives a possible trading interval of +/-$0.0575 (+/-1.95%) up or down from last closing price. If RF Industries takes out the full calculated possible swing range there will be an estimated 3.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.94 (0.34%) than the resistance at $3.05 (3.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is RF Industries stock A Buy?
RF Industries holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.655 Hold/Accumulate Upgraded
Predicted Opening Price for RF Industries of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $2.95 ( 0.113%) | $2.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RFIL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.00 | 1.58 % | |
| R2 | 2.98 | 0.93 % | ||
| R1 | 2.97 | 0.534 % | ||
| Current price: | 2.95 | |||
| Support | S1 | 2.93 | -0.760 % | |
| S2 | 2.92 | -1.16 % | ||
| S3 | 2.90 | -1.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.25 | 10.17 % | |
| R2 | 3.07 | 4.07 % | ||
| R1 | 3.05 | 3.39 % | ||
| Current price | 2.95 | |||
| Support | S1 | 2.94 | -0.339% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
RFIL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 12, 2020 | Mar 30, 2020 | Apr 15, 2020 | $0.0200 | 0.423% |
| 2 | Dec 13, 2019 | Dec 30, 2019 | Jan 15, 2020 | $0.0200 | 0.331% |
| 3 | Sep 10, 2019 | Sep 27, 2019 | Oct 15, 2019 | $0.0200 | 0.305% |
| 4 | Jun 10, 2019 | Jun 27, 2019 | Jul 15, 2019 | $0.0200 | 0.261% |
| 5 | Mar 08, 2019 | Mar 28, 2019 | Apr 15, 2019 | $0.0200 | 0.310% |
FAQ
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